iTrustCapital, awarded best software platform in America for buying and selling cryptocurrencies through individual retirement accounts (IRA),* has announced reaching $6 billion in total transaction volume. This growth represents a 200% increase after tipping $2 billion in transaction volume in July of 2021.
Latest Fintech News: Blockchain Association for Finance Announces New Board
Chief Strategy Officer, Kevin Maloney, attributes this milestone to iTrustCapital’s latest product offerings. “Despite the crypto bear market in the first half of this year, our team has worked diligently to continually enhance our platform with a goal of improving user experience and customer engagement. Our highly focused marketing efforts, valuable client feedback, and deep alignment with the crypto community have certainly catalyzed this milestone.”
Several improvements to iTrustCapital’s product offerings have contributed to lowering the barrier for entry into the self-directed Crypto IRA space, including decreasing the contribution amount to open an account from $2,500 to $1,000, and eliminating monthly service fees. Notably, August 2022 is on track to be the highest average initial funding month of the year thus far.
Latest Fintech News: AM Best Affirms Credit Ratings of Members of Northbridge Financial Corporation
In addition to transaction volume, the Company has also experienced a significant uptick in newly funded client accounts over the last eight months, resulting in increased transaction activity and overall usage on the platform. During this period, newly funded accounts grew 61%, from 25,000 to more than 40,000. Users may establish one or more IRA accounts including a ROTH, SEP, or Traditional IRA on the iTrustCapital platform.
Latest Fintech News: Blockchain Protocol for Metaverses, Meta0, Announces Partnership with Polygon
[To share your insights with us, please write to sghosh@martechseries.com]
